We can't give an honest read on this one right now.

Our model values a company on the cash it can hand its owners after paying for its own growth. For Carrier that number is not something we can compute today — so rather than estimate around the gap, we are leaving it blank until the next filings close it.

  • Caution:
    What is missing
    Carrier Global acquired Viessmann Climate Solutions for about €12B in January 2024 — roughly a third of its revenue — and over the same stretch sold its Fire & Security and Commercial Refrigeration segments. Its 2024 free cash flow falls to almost nothing under the transaction costs, and only the latest year reflects the reshaped company. Our fair value compounds from five years of free cash flow, and those years describe a Carrier that no longer exists. A five-year base that reflects the current business is several filings out.

Why show the page at all. Because the alternative is a number we don't believe. Every other company on TickerMath gets a fair value computed from its SEC filings; this one gets a plain explanation instead, which is the same promise kept a different way. This one is expected to change: we re-test every company against its new filings, and the read appears here as soon as the figures support it.

TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →